Nigeria LNG awards two LNG carrier time charters to Golar
January 16 2015 - 3:26PM
Golar LNG ("Golar") announced
today that it has been awarded 2 time charters by Nigeria LNG Ltd
("NLNG") to employ the recently delivered Golar Frost and Golar
Crystal. Employment of both vessels under these contracts will
commence in January 2015 and will continue for a duration of
approximately 12 months for each vessel.
NLNG has elected to retire earlier
than planned 3 of its smaller and less efficient LNG Carriers and
to replace these with Golar's more modern and technically advanced
ships, while NLNG awaits the delivery of its own recently ordered
new vessels. Golar's CEO Doug Arnell commented "Golar is delighted
to be selected by NLNG for these charters. This new business
opportunity provides the clearest possible demonstration of the
significant benefits available from the vessels delivered under
Golar's existing new-building program. Significant reduction in
boil-off and a material improvement in fuel efficiency have
contributed to the decision to replace the older vessels with
Golar's new buildings".
FORWARD LOOKING
STATEMENTS
This press release contains certain forward-looking statements
concerning future events and Golar's operations, performance and
financial condition. Forward-looking statements include, without
limitation, any statement that may predict, forecast, indicate or
imply future results, performance or achievements, and may contain
the words "believe", "anticipate", "expect", "estimate", "project",
"will be", "will continue", "will likely result", "plan", "intend"
or words or phrases of similar meanings. These statements involve
known and unknown risks and are based upon a number of assumptions
and estimates that are inherently subject to significant
uncertainties and contingencies, many of which are beyond Golar's
control. Actual results may differ materially from those expressed
or implied by such forward-looking statements.
Hamilton, Bermuda
January 16, 2015
Enquiries:
Golar Management Limited: + 44 207 063 7900
Brian Tienzo
Stuart Buchanan
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Golar LNG via Globenewswire
HUG#1887844
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